Alyeska Investment Group L.P. Makes New $8.65 Million Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Alyeska Investment Group L.P. purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 476,532 shares of the company's stock, valued at approximately $8,654,000. Alyeska Investment Group L.P. owned 0.34% of Intuitive Machines at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LUNR. Van ECK Associates Corp bought a new stake in shares of Intuitive Machines during the 4th quarter valued at $3,403,000. Entropy Technologies LP bought a new stake in Intuitive Machines during the fourth quarter valued at about $895,000. Spire Wealth Management purchased a new position in shares of Intuitive Machines in the fourth quarter valued at about $469,000. Nations Financial Group Inc. IA ADV bought a new position in shares of Intuitive Machines in the fourth quarter worth about $244,000. Finally, Headlands Technologies LLC grew its position in shares of Intuitive Machines by 161,529.8% during the fourth quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock worth $4,432,000 after purchasing an additional 243,910 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Performance

NASDAQ LUNR traded down $0.11 on Friday, hitting $9.24. 3,700,998 shares of the stock were exchanged, compared to its average volume of 12,199,756. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market capitalization of $1.65 billion, a P/E ratio of -3.14 and a beta of 1.32. The stock has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $13.00.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. Sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LUNR shares. Bank of America began coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. Roth Mkm reduced their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Benchmark reiterated a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of "Moderate Buy" and an average target price of $16.00.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This trade represents a 7.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 73.68% of the stock is currently owned by company insiders.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.